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Latest News!

Marks & Spencer profits fall despite 1.3% increase in sales

Tue, 21 May 2013 07:50 GMT

Marks & Spencer has posted a fall in underlying pre-tax profit to £665.2m despite a 1.3% rise in group sales to £10bn as it looks to turn around its general merchandise arm.

Marks & Spencer stores director Nayna McIntosh to stand down

Tue, 21 May 2013 11:36 GMT

Marks and Spencer is losing another of its longstanding executives as its director of store environment and product presentation Nayna McIntosh prepares to exit the business in August.

EBay plans to launch click-and-collect service with merchants

Tue, 21 May 2013 07:30 GMT

Online marketplace giant eBay is to launch a click-and-collect service as it continues to work on its customer service proposition.

Burberry posts a 14% rise in profits as Chinese sales surge

Tue, 21 May 2013 08:12 GMT

Luxury fashion retailer Burberry has reported a 14% rise in adjusted full-year pre-tax profits to £428m after a strong performance in Asia.

Snow+Rock full year profits remain flat despite price pressure

Tue, 21 May 2013 09:28 GMT

Outdoor retailer Snow+Rock sales jumped 8% to £71m in its last year as profits remained flat in the face of intense pricing pressure in the sector.

Inflation slows for the first time in six months

Tue, 21 May 2013 10:52 GMT

Inflation slowed for the first time in six months in April as price growth was hit by the fall in fuel prices and air fares.

Aldi powers ahead of grocery market to reach record market share

Tue, 21 May 2013 11:49 GMT

Aldi continues to surge ahead of its rivals in grocery in posting a record market share and rapid sales growth.

Empty shops rate hits record high of 11.9% in April

Mon, 20 May 2013 09:16 GMT

The number of empty shops across the UK hit an all-time high in April although footfall recovered to record its strongest rate in more than a year driven by high street shoppers.

Marks & Spencer under fire for online tax structure

Mon, 20 May 2013 08:10 GMT

Marks & Spencer has come under fire from tax campaigners over the way it structures its online sales to Europe, which has drawn comparisons to Amazon.

Reiss suffers the departure of its ecommerce and brand directors

Mon, 20 May 2013 17:00 GMT

Reiss ecommerce director Dan Lumb and brand director Andy Rogers have left the premium fashion retailer.

Tesco signs new franchise deals to expand F&F clothing's overseas presence

Mon, 20 May 2013 08:22 GMT

Tesco is to expand its clothing label F&F overseas with plans to open more than 50 franchise stores over the next five years.

Luxury giant eyes stake in Joules as private equity players circle

Mon, 20 May 2013 08:35 GMT

L Capital, the private-equity arm of luxury giant LVMH, is among suitors plotting to make a major investment in fashion retailer Joules.

Changing supply chain takes centre stage at Retail Week Supply Chain Summit

Mon, 20 May 2013 08:49 GMT

The changing world of the retail supply chain will be discussed in depth at the Retail Week Supply Chain Summit later this week.

H&M boss calls for annual Bangladeshi minimum wage revision

Mon, 20 May 2013 11:34 GMT

Fashion giant H&M has called for annual revisions of the minimum wage in Bangladesh to quell worker unrest following the Rana Plaza collapse.

John Lewis launches IT apprenticeship in a bid to reduce skills gap

Mon, 20 May 2013 11:42 GMT

John Lewis has launched a technology apprenticeship as it continues to grow its IT department.